Karachi: Bank Makramah Limited has announced its financial results for the half-year period ending June 30, 2026, revealing a substantial loss amid increased operating expenses and declining income. The board of directors convened for their 160th meeting on August 28, 2026, where they declared no cash dividend, bonus shares, or rights shares, and noted no additional corporate actions or price-sensitive information.

The bank reported total assets amounting to 237.24 billion rupees, up from 213.65 billion rupees at the end of December 2025. However, liabilities also increased to 214.68 billion rupees from 189.94 billion rupees during the same period, resulting in net assets of 22.56 billion rupees, a decrease from 23.71 billion rupees at the end of the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Bank Makramah's financial performance for the half-year reflected a challenging economic environment. The bank's mark-up or interest income for the half-year dropped to 4.09 billion rupees from 10.33 billion rupees in the same period the previous year. Concurrently, the mark-up or interest expensed decreased to 6.42 billion rupees from 10.69 billion rupees, culminating in a net mark-up or interest expense of 2.33 billion rupees.

Non-mark-up or interest income was recorded at 957.25 million rupees, down from 2.25 billion rupees in the first half of 2025. This decline was primarily due to reduced gains on securities and other income streams.

The bank's operating expenses rose to 4.52 billion rupees from 4.12 billion rupees in the previous year, contributing to a loss before taxation of 5.57 billion rupees, compared to a profit of 1.43 billion rupees in the prior year. After accounting for taxation, the loss after taxation stood at 4.66 billion rupees, a significant move from a profit of 696.62 million rupees recorded for the same period in 2025.

This financial performance reflects a complex market category, marked by volatile interest rates and increasing operational costs. The bank's basic and diluted loss per share was reported at 4.60 rupees, compared to earnings of 0.70 rupees per share in the previous year.

The results underscore the challenges faced by Bank Makramah Limited in navigating the current economic landscape, with no immediate entitlements or corporate actions planned to bolster shareholder value.